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R-15.1, r. 6 - Regulation respecting supplemental pension plans
Section 15.0.0.2
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15.0.0.2. The letter of credit must be issued by a financial institution that meets the following requirements:
(1) it is authorized to issue letters of credit in Québec or elsewhere in Canada where an agreement referred to in section 249 of the Act applies;
(2) any of the following credit rating organizations gives it the rating indicated on the same line as the organization’s name in the following table, or a higher rating:
Credit rating organization Rating
DBRS A
Fitch Ratings A
Moody’s Investors Service A2
Standard & Poor’s A
15.0.0.2. The letter of credit must be issued by a financial institution that meets the following requirements:
(1) it is authorized to issue letters of credit in Québec or elsewhere in Canada where an agreement referred to in section 249 of the Act applies;
(2) any of the following credit rating organizations gives it the rating indicated on the same line as the organization’s name in the following table, or a higher rating:
Credit rating organization Rating
Dominion Bond Rating Service A
Fitch Ratings A
Moody’s Investors Service A2
Standard & Poor’s A
